Abstract

Extracted from text ... THE NEED to simplify South
Africa's tax legislation has long
been acknowledged by the SA
Revenue Service and has been the
subject of much discussion over
the years. But while we've caught
the occasional glimpse of a clearer
style of draftsmanship in recent
tax amendments, the bulk of the
Income Tax Act and other tax legislation
is virtually incomprehensible
to all except tax professionals.
PricewaterhouseCooper's
Synopsis says that it was, therefore,
interesting to see that the
Australian Federal Treasurer
announced in December 2005 his
government's intention to undertake
the most extensive overhaul of
tax law in Australian history in an ..